IMARC Group, a leading market research company, has recently releases report titled, “5G in Aviation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global 5G in aviation market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the 5G in aviation market?
|Market Size in 2022||US$ 0.72 Billion|
|Market Forecast in 2028||US$ 7.23|
|Growth rate (2023 to 2028)||CAGR of 47.12%|
|Base Year of the Analysis||2022|
What is 5G in aviation?
5G in aviation refers to using a 5th-generation network for efficient operations in the aviation industry. It connects machines, objects, and devices and transforms numerous areas, including airlines, airports, and the passenger experience. It also helps to perform advanced analytics and simulations to identify and correct faults in aircraft. In addition, it assists in enhancing airport security by facilitating the use of network-connected 8K cameras and augmented reality (AR) glasses. It also aids automated guided vehicles (AGVs) in performing complete disinfection based on real space occupancy, while allowing airports to manage automatic fever detection through real-time thermal imaging. Owing to these benefits, 5G in aviation is widely adopted in aircraft and airports across the globe.
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What are the growth prospects and trends in the 5G in aviation industry?
The market is primarily driven by the rising demand for 5G in the aviation industry for unmanned aerial vehicles (UAVs), drones, and private networks across the globe. In addition, the increasing use of 5G in aviation to offer seamless wireless transmission for safe and user-friendly connectivity between the ground control room and flight crew is contributing to the market growth. Moreover, various technological advancements such as the introduction of the internet of things (IoT) with network operating facilities that require high-speed communication networks, along with 5G connected artificial intelligence (AI), which helps passengers find their bags easily represents another major growth-inducing factor. Furthermore, the increasing demand for better in-flight connectivity, online interactions, video streaming, instant updates on flight schedules, real-time schedules on flight availability, and flexible fare schemes are creating a positive market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Communication Infrastructure Insights:
- Small Cell
- Distributed Antenna System (DAS)
- Radio Access Network (RAN)
- Enhanced Mobile Broadband Segment (EMBB)
- Massive Machine Type Communication (MMTC)
- Ultra-Reliable Low-Latency Communication (URLLC)
- Fixed Wireless Access (FWA)
Connectivity Type Insights:
- Ground-to-Ground Communication
- Air-to-Ground Communication
End Use Insights:
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Cisco Systems, Inc.
- Gogo Inc.
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- Intelsat Corporation
- Nokia Corporation
- Telefonaktiebolaget LM Ericsson, etc.
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